First American Bank purchased a new position in shares of Facebook, Inc. (NASDAQ:FB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,999 shares of the social networking company’s stock, valued at approximately $8,826,000.
A number of other institutional investors also recently made changes to their positions in FB. Financial Advantage Inc. bought a new stake in Facebook during the third quarter worth $28,000. American National Bank purchased a new position in Facebook in the fourth quarter worth $41,000. Winthrop Partners WNY LLC purchased a new position in Facebook in the third quarter worth $58,000. AlphaMark Advisors LLC boosted its position in Facebook by 20.8% in the third quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock worth $83,000 after purchasing an additional 80 shares during the last quarter. Finally, Personal Wealth Partners boosted its position in Facebook by 12.9% in the third quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock worth $86,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.
Shares of FB opened at $217.94 on Friday. The stock’s 50-day simple moving average is $209.45 and its 200 day simple moving average is $194.90. The stock has a market capitalization of $626.70 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. Facebook, Inc. has a 52-week low of $143.43 and a 52-week high of $222.75.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. The business had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. On average, research analysts forecast that Facebook, Inc. will post 8.5 earnings per share for the current fiscal year.
Several research firms have weighed in on FB. Guggenheim boosted their price objective on Facebook from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Wedbush reissued an “outperform” rating and issued a price objective on shares of Facebook in a research report on Friday. Royal Bank of Canada boosted their price objective on Facebook from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Sanford C. Bernstein began coverage on Facebook in a research report on Thursday, January 9th. They issued an “outperform” rating and a $250.00 price objective on the stock. Finally, Bernstein Bank began coverage on Facebook in a research report on Friday, January 10th. They issued an “outperform” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $240.75.
In other Facebook news, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $197.40, for a total value of $51,324.00. Following the transaction, the vice president now directly owns 6,717 shares in the company, valued at approximately $1,325,935.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO David B. Fischer sold 11,638 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $202.00, for a total value of $2,350,876.00. The disclosure for this sale can be found here. Insiders have sold a total of 789,360 shares of company stock worth $151,245,323 in the last three months. 14.53% of the stock is currently owned by insiders.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company’s products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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